Dec 26, 2012 5:00am EST
events may have, of course, pushed consumers to spend less this season including hurricane sandy and concerns about how tax hikes from the fiscal cliff could impact their wallets. joining us for more on the numbers is michael mcnamara of mastercard advisers. great to have you with us. many analysts, retailers had high hopes for the season. i think it's looking weaker than expected. of course we had hurricane sandy and we're dealing with the fiscal cliff, as well. what do you think the big driver was of these slower growth numbers? >> well, good morning. yes, you hit on two of the big ones. really the season tripped coming out of the starting gate with hurricane sandy. the impact in the northeast and mid-atlantic, both those regions of the country actually had negative holiday seasons for the holiday-related sectors that we track. other areas of the country that were not impacted by significant weather in the southeast, south central, mountain and west, were up 2% to 4% year over year. so really depended on where you were in the country, how but during the holiday season. >> okay.
Jan 2, 2013 4:00am EST
as house republican leader let congress adjourn without voting on aid for hurricane sandy victims. the senate approved a $60 billion measure last week to help with recovery. the house appropriations committee had drafted a smaller $27 billion aid package but no vote is scheduled. new york republicans and democrats are calling the decision indefensible. >>> the u.s. coast guard says there are no signs a shell oil rig that ran aground off the coast of alaska is leaking fuel. the rig encountered trouble on monday during a severe storm. it's carrying 150,000 gallons of diesel and 12,000 gallons of lube oil and hydraulic fluid. once weather permits the plan is to get marine experts aboard to inspect the rig and come up with a salvage plan. the stock in the u.k. up 1/3 of 8%. >>> the u.s. journal indicating a key indicator of sales are expected to top $15 million according to firm polk. last year's sales are on track to hit $14.4 million. pickup trucks were back in vogue in 2013 as g.m., ford, and toyota all launched new vehicles or refresh existing models. >>> as you see, the dollar do